7 Stocks Providing Their Shareholders A Growing Income With Higher Cash Dividends

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Includes: ABT, BA, GE, LLY, MMM, O, PFE
by: Dividends4Life

Summary

The life-blood of a sound dividend growth strategy is a growing dividend.

Often the initial yield of a dividend growth stock is less than other available stocks, but the dividend growth stock comes with an expectation of reasonable increases year after year.

Below are several companies that are providing their shareholders a growing income with higher cash dividends.

The life-blood of a sound dividend growth strategy is a growing dividend. Often the initial yield of a dividend growth stock is less than other available stocks, but the dividend growth stock comes with an expectation of reasonable increases year after year. This compounding effect will quickly grow the stock's income. It is well worth the investor's time to find companies that can deliver on this expectation.

Below are several companies that are providing their shareholders a growing income with higher cash dividends:

Realty Income Corporation (NYSE:O) is a publicly traded real estate investment trust investing in commercial real estate. December 17th the company increased its monthly dividend 0.2% to $0.18342 per share. The dividend is payable January 15, 2015 to stockholders of record on January 2, 2015, with an ex-dividend date of December 30, 2014. The yield based on the new payout is 4.7%. See full analysis here.

3M Co. (NYSE:MMM) is a diversified global company that provides enhanced product functionality in electronics, health care, industrial, consumer, office, telecommunications, safety & security and other markets via coatings, sealants, adhesives, and other chemical additives. December 16th the company increased its quarterly dividend 20% to $1.025 per share. The dividend is payable March 12, 2015 to stockholders of record on February 13, 2015, with an ex-dividend date of February 11, 2015. The yield based on the new payout is 2.6%.

Pfizer Inc. (NYSE:PFE) discovers, develops, manufactures, and sells healthcare products worldwide. It offers medicines and vaccines, and various consumer healthcare products. December 15th the company increased its quarterly dividend 7.7% to $0.28 per share. The dividend is payable March 3, 2015 to stockholders of record on February 6, 2015, with an ex-dividend date of February 4, 2015. The yield based on the new payout is 3.6%.

The Boeing Company (NYSE:BA) designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. December 15th the company increased its quarterly dividend 25% to $0.91 per share. The dividend is payable March 6, 2015 to stockholders of record on February 13, 2015, with an ex-dividend date of February 11, 2015. The yield based on the new payout is 3.0%.

Eli Lilly and Company (NYSE:LLY) discovers, develops, manufactures, and sells pharmaceutical products worldwide. It operates in two segments, Human Pharmaceutical Products and Animal Health Products. December 15th the company increased its quarterly dividend 2% to $0.50 per share. The dividend is payable March 9, 2015 to stockholders of record on February 13, 2015, with an ex-dividend date of February 11, 2015. The yield based on the new payout is 2.9%.

General Electric Company (NYSE:GE) operates as an infrastructure and financial services company worldwide. December 12th the company increased its quarterly dividend 4.5% to $0.23 per share. The dividend is payable January 26, 2015 to stockholders of record on December 22, 2014, with an ex-dividend date of December 18, 2014. The yield based on the new payout is 3.7%.

Abbott Laboratories (NYSE:ABT) manufactures and sells health care products worldwide. December 12th the company increased its quarterly dividend 9.1% to $0.24 per share. The dividend is payable February 13, 2015 to stockholders of record on January 15, 2015, with an ex-dividend date of January 13, 2015. The yield based on the new payout is 2.2%.

Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recently raised their dividends; it is not a list of recommend buys. As always, due diligence should be performed before buying or selling any stock. For a list of stocks with a long string of consecutive cash dividend increases, see this list.

Additional Disclosure: Long O, MMM, in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.

Disclosure: The author is long O, MMM.

The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.